Market Report, "Namibia Mining Report Q3 2016", published

Namibia is one of the smaller markets we monitor with the sub-Saharan mining landscape ; however , the country is one of the more attractive from an investment standpoint. The country has substantial diamond deposits, which have yet to receive the level of attention of those in surrounding countries such as Botswana and South Africa. Uranium mining is another important growth market, though a weak price environment has st unted output in recent years. We expected production to grow at a rapid pace as a series of high-profile projects come online, and the country is tipped to become the world's third-largest uranium producer by the end of the forecast period.

Latest Forecasts And Developments

According to the Chamber of Statistics, in 2015, Namibia's non-diamond mining sector surpassed diamond mining as the larger contributor to overall mining revenues and the country's foreign exchange earnings. Total non-diamond mining contributed NAD13.8bn over the year, compared with earnings of NAD11.5bn from diamond mining. In May 2016, De Beers announced the signing of a 10-year rough diamond supply agreement with Namibia's government as part of the company's investment in the Namibian Diamond Corporation (Namdeb) in which it owns a 50% stake. The contract is expected to lead to significant growth in diamond production and sales over the next few years.

Full Report Details at
- http://www.fastmr.com/prod/1191645_namibia_mining_report_q3_2016.aspx?afid=301

In April 2016, Australia's Bannerman Resources, a uranium mining company with operations in Namibia, said it had no plans to delist from the Namibian Stock Exchange despite having recently delisted from Toronto's stock market.

We forecast Namibia's diamond production to grow by 3.8% in 2016, having contracted by an estimated 5.4% in 2015 due to falling prices. We forecast output growth to average 3.3% a year over 2017-2020 to reach 1.87mn carats.

In terms of uranium mining, we forecast production we forecast output to grow by 23.6% in 2016 to reach 3,700 tonnes (kt), having slipped below 3kt in 2015. Growth should accelerate in 2017, with production reaching 8.7ktpa at the end of the forecast period in 2020.

The Namibia Mining Report has been researched at source and features BMI Research's mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Namibia Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Namibia.

Key Benefits
Use BMI's independent industry forecasts on Namibia to test other views - a key input for successful budgeting and planning in this mining market.

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